Privett Company   Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 ​ ​ Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?   Question 37 options:   1.7   2.9   1.1   1.0

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Privett Company  
Accounts payable

$ 30,000

Accounts receivable

35,000

Accrued liabilities

7,000

Cash

25,000

Intangible assets

40,000

Inventory

72,000

Long-term investments

100,000

Long-term liabilities

75,000

Marketable securities

36,000

Notes payable (short-term)

20,000

Property, plant, and equipment

400,000

Prepaid expenses

2,000


Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?
 

Question 37 options:

 
1.7
 
2.9
 
1.1
 
1.0
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